Control based on the use of pricing mechanisms and economic information is referred to as:

Answers

Answer 1
It is referred as market control
Answer 2

Market system control utilizes pricing mechanisms to disseminate information and allocate resources efficiently, with prices reflecting the relative scarcity of goods and services. However, price controls can distort market signals and misallocate resources.

Control based on the use of pricing mechanisms and economic information is referred to as market system. The market system utilizes prices which are influenced by supply and demand to allocate resources efficiently. These prices provide information about the relative scarcity of various goods and services, which allows market participants to make informed decisions without needing to understand the underlying reasons for price changes. Price controls, such as price ceilings and price floors, however, can distort these signals, hiding the true scarcity of products and often leading to a misallocation of resources.

Incentives play a crucial role in the market system, with price changes influencing consumer behavior. For instance, if the cost of business class seats on an airline drops, customers may be incentivized to upgrade. This principle is widely recognized by economists, who argue that the price mechanism not only disperses information but also helps in coordinating the actions of different market actors effectively.


Related Questions

The abbasid capital followed the pattern set by the umayyads, namely ________.

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the answer is  an eastward shift of the center of the Muslim world
The period when abbasid took power is still  considered as the Golden age of the muslim world. 
During this time, the abbasid capital became the center of knowledge and culture in the world and made a lot of scientific contribution to our society.

What is the name for writing down where your income will go each month?
a. budget
b. debt list
c. income list
d. money plan

Answers

The name for writing down where your income will go each month is a budget. Therefore, option a is correct.

What is the meaning of budget?

A budget is a financial plan that outlines expected income and expenses over a specific period. It is an estimation of how much money you will earn or receive and how much you plan to spend or allocate for different purposes such as bills, savings, investments, and other expenses.

The primary purpose of creating a budget is to control and manage your finances effectively. It allows you to monitor your spending, identify areas where you can save money, and prioritize your financial goals.

Budgeting is an essential skill for personal and business finance management, as it helps to ensure that you have enough money to cover your expenses and achieve your financial objectives.

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Although the overall unemployment rate during the past recession hovered between 9 and 10%, the unemployment rate for millennials was much higher. as this generation struggled to find employment, they were often compelled to continue to live with their parents. due to current economic concerns, this younger generation was struggling to fulfill ___________________.

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This younger generation was struggling to fulfill their physiological needs. The physiological needs, for your additional information, is the he need for shelter and food, and other basic needs. Due to the higher unemployment rate of persons aged 20–25, many had to settle for living at home with parents until they found suitable employment and could afford to live on their own.

Suppose that the four inspectors at a film factory are supposed to stamp the expiration date on each package of film at the end of the assembly line. john, who stamps 20% of the packages, fails to stamp the expiration date once in every 200 packages; tom, who stamps 60% of the packages, fails to stamp the expiration date once in every 100 packages; jeff, who stamps 15% of the packages, fails to stamp the expiration date once in every 90 packages; and pat, who stamps 5% of the packages, fails to stamp the expiration date once in every 200 packages. if a customer complains that her package of film does not show the expiration date, what is the probability that it was inspected by john?

Answers

Think through the following events:

 

A: the produce is not marked

 

B1: the produce is marked by John

 

B2: the produce is marked by Tom

 

 B3: the produce is marked y Jeff

 

B4: the produce is marked by Pat

 

Applying the rule of elimination, the formula would be:

 

P (A) = P (B1) P (A|B1) + P (B2) P (A|B2) + P (B3) P (A|B3) + P (B4) P (A|B4)

 

And the following are the probabilities:

 

P(B1)P(A|B1) = (.20)(1/200) = .001

 

P(B2)P(A|B2) = (.60)(1/100) = .006

 

P(B3)P(A|B3) = (.15)(1/90) = .00167

 

P(B4)P(A|B4) = (.05)(1/200) = .00025

 

The likelihood that the product is not imprinted is equal to .001 + .006 + .00167 + .00025 = .00892

 

The probability that it was reviewed by John is = .001/.00892 = .1121

 

Final answer:

To find the probability that the package of film was inspected by John given that it does not show the expiration date, we can use Bayes' theorem. The probability of John inspecting a package is 20%. The probability of a package not showing the expiration date given that John has inspected it is 1/200.

Explanation:

To find the probability that the package of film was inspected by John given that it does not show the expiration date, we can use Bayes' theorem. The probability of John inspecting a package is 20%. The probability of a package not showing the expiration date given that John has inspected it is 1/200. The probability of a package not showing the expiration date without considering who inspected it can be calculated by summing the products of the failure rate and the probability of each inspector inspecting a package. Adding these probabilities, we can calculate the probability that the package was inspected by John.

Let's calculate the probability:

Probability of John inspecting a package: 20%Probability of a package not showing the expiration date given that John has inspected it: 1/200Probability of a package not showing the expiration date without considering who inspected it:Probability of a package not showing the expiration date with Tom inspecting it: 60% x 1/100Probability of a package not showing the expiration date with Jeff inspecting it: 15% x 1/90Probability of a package not showing the expiration date with Pat inspecting it: 5% x 1/200Sum the above probabilities to get the total probability of a package not showing the expiration date: (1/200)+(60%(1/100))+(15%(1/90))+(5%(1/200))Finally, apply Bayes' theorem to find the probability that the package was inspected by John:
Probability that it was inspected by John = (Probability of John inspecting a package x Probability of a package not showing the expiration date given that John has inspected it) / Probability of a package not showing the expiration date

After performing the calculations, we can find the probability that the package was inspected by John.

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Given the dot id number dot pjop 3nlr 2005, which portion of the id number tells you that the tire complies with the u.s. department of transportation tire safety standards?

Answers

The Answer is the DOT or the date of production is the last four digits of the DOT code. The U.S. Department of Transportation (DOT) National Highway Traffic Safety Administration (NHTSA) necessitates that Tire Identification Numbers be a mixture of the letters DOT, shadowed by eight to thirteen letters one or both numbers that recognize the developed location, tire mass and manufacturer's code, alongside with the week and year the tire was made.

The primary _______ of autotrader.com's research was to connect advertising on its website to actual dealership visits by customers.

Answers

The answer to this question is Objective
In business terms, objective refers to a specific result/situation that company wants to achieve within a certain time frame, after considering all their available resources. In this particular case, the research being done is the resource and connecting advertising to actual dealership is the result/situation that they want to achieve.

Is it possible to make homogeneous shopping product into a heterogeneous shopping product? think about flat-panel televisions and front-loading washers?

Answers

No. I think it is not possible

When should process costing techniques be used in assigning costs to products?
a. if the firm manufactures heterogeneous products
b. if the products are repetitively produced
c. if the products are manufactured according to customer specifications
d. all of these choices are correct?

Answers

The correct option is B.
Process costing is the type of costing technique in which costs are assigned to products in batches. This type of costing is usually used by companies which produce homogeneous products which have similar production process stages. Cost is usually assigned to the batches of goods produced instead of individual units.

Final answer:

Process costing techniques are best used when products are repetitively produced in a homogeneous manner, as this allows for uniform cost allocation across units produced.

Explanation:

Process costing techniques should be used in assigning costs to products if the products are repetitively produced. This method is most effective for manufacturing environments where the products are homogeneous, and the production runs are continuous or for long periods. Items are produced in a standardized manner, making it easier to allocate costs uniformly across units produced. In contrast, heterogeneous products, products manufactured according to customer specifications, or diverse production requirements typically utilize job costing techniques for assigning costs.

The united states has a budget deficit of over $18 trillion dollars. a budget deficit occurs when a nation

Answers

Final answer:

A budget deficit happens when a nation spends more than it receives in revenue. The remainder is borrowed, resulting in an increase in public debt. While a deficit can promote short-term economic growth, high levels of debt can eventually impede long-term growth.

Explanation:

A budget deficit occurs when a nation spends more than it receives in revenue within a given period, usually a fiscal year. In the case of the United States as stated in your question, if the budget deficit is over $18 trillion dollars, it means the government has spent $18 trillion more than it has collected in revenue. A deficit is financed through borrowing, often in the form of issuing government bonds. This situation can lead to an increase in public debt over time.

For instance, if the government's total tax receipts for the year are $2 trillion, but its spending totals $3 trillion, it has a deficit of $1 trillion. This $1 trillion will have to be borrowed, increasing the nation's public debt. It's important to note that having a deficit isn't necessarily bad, as it can stimulate economic growth in the short term. However, high levels of debt could potentially increase inflation, reduce public investment, and hinder economic growth in long term.

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A budget deficit occurs when a nation spends more than it receives in taxes. The U.S. government's largest budget deficit was in 2020, when spending exceeded tax receipts by $3.1 trillion, about 15% of GDP.

A budget deficit occurs when a nation's government spends more money than it receives in taxes in a given year. For example, in 2020, the U.S. government experienced its largest budget deficit ever, as it spent $3.1 trillion more than it collected in taxes, which was about 15% of the U.S. Gross Domestic Product (GDP). This was the largest budget deficit relative to GDP since the mammoth borrowing used to finance World War II. Nations typically fund these deficits by borrowing on the open market, such as issuing government bonds which are bought by investors.

To put it into perspective, previous record deficits occurred during the Great Recession of 2007-2009, when the deficit reached 9.6% of GDP. Deficit spending cannot be sustained indefinitely, as it leads to an accumulation of debt, which can pose economic challenges over the long term.

You can best deal with visitors that drop into your office by A. telling them you are busy now and suggest an alternative time to talk. B. telling them you don't have time to talk to them. C. telling them to make an appointment with your assistant. D. always keeping your office door closed.

Answers

Hi!

That's a funny one xD


The correct answer is A
Tell them you are busy now and suggest an alternative time to talk.

The other options are not good because if you just tell them you are bus now, you will lost the client. They will think you are not care for them. You can't tell them to make an appointment with your assistant because they want to talk with you,not the assistance. OMG always keeping the door closed is the worst xD. It shows that you don't welcomed people so you wouldn't have enough client.


I hope this helps!

A. telling them you are busy and suggest an alternate time to talk

Are the large drug companies guilty of price gouging or of charging an unfair or exploitative price for their products? should americans be permitted to import drugs from canada or other countries

Answers

Yes the large drug companies guilty of price gouging or of charging an unfair or exploitative price for their products and no americans shouldnt be permitted to import drugs from canada or other countries

What is the present value of $2,825 per year, at a discount rate of 7 percent, if the first payment is received 9 years from now and the last payment is received 22 years from now?

Answers

Final answer:

The present value of an annuity of $2,825 per year, at a discount rate of 7%, received over a period of 9 to 22 years is $13,452.64.

Explanation:

To calculate the present value of $2,825 per year over a period of 9 to 22 years at a 7% discount rate, we can use the formula for the present value of an annuity. The formula is:

Present Value = Payment / ((1 + r)^n - 1) / r

Plugging in the values, we have:

Present Value = 2,825 / ((1 + 0.07)^(22 - 9) - 1) / 0.07

Solving this equation gives us the present value of $13,452.64.

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The _____ model is the basis for the classic purchase funnel metaphor that is often used to depict the decision process consumers go through.

Answers

Answer:  "hierarchy of effects" .
_______________________________________________
The Hierarchy of Affect model is the basis for the classic purchase funnel methapor that is often used to depict the decision process consumers go through.

Suppose that you were born in 1998. also, suppose that your mother received a $100 baby shower gift at your birth. how much would it cost to buy a similar amount of goods and services in 2013, given that the cpi was 163.0 in 1998 and 233.0 in 2013?

Answers

Using the cpi in 2013, of 233 and in 1998 of 163, divide 233/163=1.43 x 100=$143 the cost in 2013 of the same baby shower item as in 1998. In other words the purchasing power of the $1 decreased over this time period to account for this. 

Yen grants his cousin, art, a franchise in yen's sandwich shop. yen writes the agreement so that he controls every detail of art's shop, such that it is exactly the same as yen's original shop. yen even consults with art about hiring employees and safety practices. one of art's employees fails to clean up a spill and a customer is injured. the customer sues yen. in this case, yen:

Answers

In this case, Yen is still considered to be liable with the accident and that she must provide the needs of the customer due to the injuries that the customer receives because even if Art is in charge with the shop, she is still considered to be the owner which makes her liable with the accident.

Suppose you pick people at random and ask them what month of the year they were born

Answers

what is the question you are asking

Javaprojavapro ​systems's static budget predicted production of and sales of 5555 connectors in​ august, but the company actually produced and sold only 5050 connectors. direct materials were budgeted at $ 93$93 per connector. the company purchased and used direct materials that cost $ 6 comma 184$6,184. what is the journal entry for the direct materials​ purchased

Answers

In this problem, you are given the amount of direct materials that was purchased by the company which is $6,184.

To record the purchase of the direct materials, the journal entry would be:

Materials             $6,184

         Cash                                      $6,184

To record the usage of the direct materials to production, the entry would be:

Work in Process                                $6,184

          Materials                                             $6,184 

What would symphony report as total shareholders' equity?

Answers

$485 + $380 + $15 + $48 - $120 = $808

Have a great night!
Final answer:

Shareholders' equity represents the net worth of a company and is calculated as the difference between total assets and total liabilities. It includes the initial investment made by shareholders and any retained profits. It is reported on the balance sheet of a company's financial statement.

Explanation:

In the context of a company's financial statement, shareholders' equity represents the net worth of the company and is calculated as the difference between total assets and total liabilities. It includes the initial investment made by shareholders and any profits that have been retained in the company. Shareholders' equity can be reported on the balance sheet of a company's financial statement. It is typically categorized into different components, such as common stock, retained earnings, and additional paid-in capital.

What is the difference between direct and indirect distribution?

Answers

A direct distribution channel is organized and managed by the firm itself. An indirect distribution channel relies on intermediaries to perform most or all distribution functions, otherwise known as wholesale distribution. Firms that use direct distribution require their own logistics teams and transport vehicles. Those with indirect distribution channels have to set up relationships with third-party selling systems.



I hope this helps!

A direct distribution channel is set up and controlled by the company. Wholesale distribution, also referred to as an indirect distribution route, depends on intermediaries to do most or all distribution-related tasks.

What are  direct and indirect distribution ?

Direct distribution companies need their own transport fleets and logistics employees. Those who use indirect distribution systems must establish connections with third-party selling platforms.

A direct distribution channel is one in which the consumer and the manufacturer are connected directly; no intermediaries or different distribution systems are used.

The distributor is managed and organized by the producer. Creating a direct product distribution channel can be expensive and occasionally need a sizable cash investment.

The coming together of the two is straightforward.

In contrast to a direct distribution channel, an indirect distribution channel employs intermediaries or middlemen. Almost all aspects of product distribution are handled by these third parties.

On the other hand, a middleman acts as a go-between in an indirect distribution channel, when there is no direct relationship between the producer and the person who is actually purchasing the product.

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Which option for funding career education might cause you to incur extra fees on your debt?
a. student loans
b. military service
c. merit-based scholarships
d. on-the-job training

Answers

I would say A student loans

The option for funding career education might cause a student to incur extra fees on your debt is student education loans. Option A is correct.

What are education loans?

Taking out a student loans or education loans is one way to finance post-secondary education and its related costs, including school fees, publications, consumables, and living costs.

However for students, the current federal education loan interest rate is 4.99%. Graduate and professional students are eligible for unsubsidized and direct PLUS loans with fixed interest rates of 6.54% and 7.54%, respectively. Fixed interest rates on private student loans typically range from 3.7 to 14.0%.

The incorrect option are for funding career education might cause you to incur extra fees on your debt is military service, merit-based scholarships and on-the-job training.

Therefore the correct answer is option.

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Which of the following interpersonal skills will help you improve your own interpersonal skills?

Be a team player.

Learn to work with difficult people.

Recognize individual differences.

All of the above

Answers

All of the above. It would be nice to be able to add all of these to your skillset, they will all help you out.

Answer:

All of the above. It would be nice to be able to add all of these to your skill set, they will all help you out.

Susan was given the responsibility for chairing a campus committee. to complete the delegation process, she should be given the ____ to carry out this responsibility.
a. duty
b. authority
c. salary
d. skills
e. subordinates

Answers

Final answer:

Susan should be granted authority to effectively chair the campus committee. In the U.S. Senate, authority can be based on a senator's seniority ranking, with legitimacy recognized as the highest form of political power.

Explanation:

To complete the delegation process after Susan was given the responsibility for chairing a campus committee, she should be given the authority to carry out this responsibility. The term 'authority' refers to the right or power assigned to someone to make decisions, take actions, and direct others in order to fulfill their duties. Without authority, Susan would not be able to effectively oversee the committee or enforce decisions.

In the context of the U.S. Senate, seniority ranking influences a senator's authority. The seniority system illustrates how authority in the Senate can be based on years of government service and state population. This seniority grants privileges such as priority in office space allocation, committee chair positions, and seating arrangements, which are all aspects of institutional authority.

Regarding the highest form of political power, legitimacy is generally considered the most authoritative. It is recognized as the rightful basis for authority, going beyond mere possession of power or holding a high office, and refers to the general acknowledgment by the public that a governing entity has the right to rule.

Sandra's new laptop is not running some key applications. she sends an email to the company's customer care center explaining the problem. this is an example of a routine request for ________.

Answers

This is a way of making a claim. If the product is not performing up to specifications or the stated characteristics, the consumer is able to place a claim with the company explaining the issue and asking for a way to rectify it.

Can some one do this for me ASAP please help.

Answers

Professional growth and development - Bob
Mentoring - Debby
Certification - Joseph
Scholarship - Libby
Networking - Chad

What sort of segmentation is a health club owner using when she markets her facility as a center for weight loss to some potential consumers, a place to socialize and meet like-minded people to other potential consumers, and a place for the whole family to enjoy exercise to other potential customers?

Answers

For his target segmentation, he is using psychographics or the process of looking at the psychological consumer behavior and how they move about. He is using their behavior to target which group will most likely fit into his health club. 

Heinrich, a purchaser for an optics company in germany, must place an order for materials for use in its production process. he is most likely to order from ________.

Answers

He is destined to arrange from an organization inside the European Union in light of the fact that there would be no hindrances to exchange. The major motivations behind the European Union are to advance more noteworthy social, political and financial amicability among the countries of Western Europe. The EU reasons that countries whose economies are associated are more averse to take part in strife.

Consumer products such as furniture and appliances are typically distributed using--------- distribution

Answers

consumer products such as furniture and appliances are typically distributed using selective distribution. for example,they restrict the number of authorized distributors. On the other hand, they prohibit sales to non-authorized distributors, which leaves authorized dealers only other appointed dealers.

-hope this helps

Final answer:

Consumer products such as furniture and appliances are usually distributed using market exchange distribution, involving intermediaries like wholesalers and retailers. This distribution method allows for products to move through various stages before reaching consumers, through physical stores or online platforms.

Explanation:

Consumer products such as furniture and appliances are typically distributed using market exchange distribution. This involves the movement of goods, such as furniture and appliances, from the manufacturer to the consumer, often through a range of intermediaries, including wholesalers and retailers. These goods can be sold in person, through commercial establishments, via the Internet, or through other forms of direct marketing such as telephone and mail order. The choice of distribution channel can have significant implications for demand and the overall success of a product.

Retailers play a critical role in the distribution of consumer goods by providing a space where consumers can see and purchase products. The distribution also includes modes of exchange such as reciprocity, redistribution, and market exchange, with market exchange being the most common method for products like furniture and appliances. These products often travel through complex commodity chains, passing through various stages and locations before reaching the end user.

Marshall company discovers in 2014 that its ending inventory at december 31, 2013 was $5,000 understated. what effect will this error have on (a) 2013 net income, (b) 2014 net income, and (c) the combined net income for the 2 years

Answers

Answer: Cost of goods sold = Beginning inventory + Purchases - Ending inventory 2013 Ending inventory 5000 understated, COGS is overstated and net income is understated by 5000 2014 Beginning inventory is understated, COGS is understated, and net income is overstated 5000 Combined the beginning inventory for 2013 and the ending inventory for 2014 are correct so no effect on net income.

The most significant difference between perfect competition and monopolistic competition is that

Answers

Perfect competition, a market structure, where there are many sellers selling similar goods to the buyers. But monopolistic competition, is a market structure, where there are numerous sellers, selling close substitute goods to the buyers. Also the price in perfect competition, is determined by demand and supply forces, for the whole industry, comparing with monopolisti competition that every firm offer products to customers at its own price.

Mathematical climate models include many variables, but there is 1 variable that causes the largest difference in the temperature increases predicted in the future. this variable is _______.

Answers

emission of greenhouse gases

Greenhouse gases are naturally present in the atmosphere in order to keep the earth warmer by trapping some of the sun's rays on earth. Greenhouse gases include water vapor, carbon dioxide, methane, nitrous oxide, ozone, chlorofluorocarbons, and hydrofluorocarbons. 

Human activities contribute to the emission of greenhouse gases in the atmosphere through fossil fuel use, industrial processes, and intensive livestock farming, among others. Emission of large amounts of greenhouse gases can increase their natural levels in the atmosphere, possibly resulting to global warming. 
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A pentagon has 3 congruent sides and 2 other congruent sides. The perimeter of the pentagon is 36 centimeters. The three long congruent sides are 2 centimeters longer than the two shorter congruent sides.Let x = length of a short sideLet y = length of a long sideThe system of equations can be used to represent the situation.y = x + 22x + 3y = 36What is the length of one of the shorter congruent sides?A.2 centimetersB.6 centimetersC.8 centimetersD.17 centimeters Which of these is NOT an indicator of a chemical reaction.Question 7 options:Change in colorProduction of heat, cold or lightPrecipitation of a solidChange of state Gerard bought 9 hamburgers and 3 orders of fries for 24.75. Chris bought 6 hamburgers and 4 orders of fries for 19.50. Each hamburger cost the same amount. Each Order of fries cost the same amount. Wrote a system of equations that can be used to find how much one hamburger and one Order of fries cost. Give the value of x that makes this equation true. (3)(-4)(x) = (3)(-4)041-3 Which of these is a subdivision zoneA plates Sliding along each otherB One plate being forced under the otherC plates moving apart from each other After 15 minutes a train has moved 9/2 miles towards its destination. How many miles per minute is the train moving Imagine that a graph of a function rule intersects the y-axis at some point. What do the coordinates of the intersection indicate? write an example of a metaphorplease help A discount store marks up the merchandise it sells by 55% if the whole sale price of a particular item is $25 what should the retail price be set at Describe the stages of photosynthesis. use the terms thylakoid, light-dependent reactions, and light-independent reactions in your answer. Why did western territories take longer than eastern territories to achieve statehood? What equation is equivalent to x+11=15 Simplify 2(x - 4) + 7(x + 2).9x - 69x - 49x + 6 Use slope-intercept form, y = mx + b to find the equation of the line that passes through the points (6, 1) and (3, 4).A: y = 3x + 5B: y = 3x 5C: y= 1/3x + 3D: y= -1/3x + 5 PLEASE HELP WILL GET FAILING GRADE IF I CAN'T FINISH THIS ASSIGNMENT!!!A. Click on the link here to learn more about the Great Salt LakeB. Answer the following questions:1. Describe 3 abiotic conditions (depth, salinity, temperature, etc.) of the Great Salt Lake.(3 points)2. Explain how the 3 abiotic factors you listed in #1 change depending on the time of the year (winter vs. summer). (3 points)3. Explain how the abiotic conditions affect the life cycle of the brine shrimp (i.e. hatching, reproducing, etc.) (2 points)4. Limiting factors are resources or other factors in the environment that can lower the population growth rate. List at least two limiting factors in the Great Salt Lake and explain why each one can be limiting. (2 points) which is not a solution of the inequality 5 - 2x at least -3 ? a.) 0 b.)2 c.)4 d.)5 A child receives frostbite on the tips of several fingers. your immediate action would be to When an entity constantly monitors to make sure that bureaucrats are doing what they are supposed to be doing, this is best characterized as _______oversight? A chemical ________________ is a substance formed by the chemical combination of two or more elements. Select the property that allows the statement 10 = y to be written y = 10. Commutative - additionDistributive Associative - multiplication Symmetric Commutative - multiplication Associative - additionIdentity - addition Steam Workshop Downloader